Alcoa Acquires Alumina Limited in $2.2B All-Stock Deal
March 12, 2024
Alcoa announced it will acquire Australia-based Alumina Limited in an all‑stock transaction valued at $2.2 billion, giving Alcoa full control of the AWAC joint venture. Under the scheme, Alumina shareholders will own roughly 31.6% of the combined company (Alcoa shareholders ~68.4%), a transaction Alcoa says strengthens its exposure to tier‑1 bauxite and alumina assets and increases vertical integration across the aluminum value chain.
- Buyers
- Alcoa
- Targets
- Alumina Limited
- Industry
- Manufacturing
- Location
- Western Australia, Australia
- Transaction Type
- Buyout
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